BWise® Internal Audit
This process is typically based on an annual risk assessment of the business, from which the audit universe is determined, and the audit annual plan is created and aligned with the audit committee. Then, based on the available audit frameworks, individual audits are setup and scheduled. Audit execution consists of various steps including data collection, fieldwork, interviews, and finally reporting. Findings are pushed to the business. During audit execution, advanced audit analytics can be used to collect and analyze data.
BWise® Risk Management
BWise covers all aspects of the risk management process with BWise Risk Management, ranging from initial risk identification, through risk assessment and evaluation to risk mitigation and monitoring, tracking and managing incidents, and ensuring proper follow-up and integrated reporting. Following ISO 31.000 ERM methodology, COSO ERM and many other risk methodologies, BWise clients keep a keen eye on their key organizational risks at all levels.
BWise® Compliance & Policy Management
To deal with the dynamic world of ever-changing regulations, BWise Compliance & Policy Management captures regulatory alerts and ensures follow-up. Regulatory changes are analyzed and assessed for their impact. Existing policies are adapted and new policies can be created, strongly focusing on compliance convergence to minimize organizational effort. Policy communication is ensured, including policy attestation, training and certification. Regular compliance assessments then ensure continuous compliance, with integrated issue tracking to manage non-compliance incidents and potential flaws.
BWise® Internal Control
BWise Internal Control is aimed at supporting the financial reporting compliance process, to ensure continuous compliance with accounting rules, regulations like Sarbanes-Oxley and corporate governance guidelines. Starting from documentation, and following through with testing, design and operating effectiveness, the assurance of appropriate financials is guaranteed. Deficiencies are carefully managed and resolved with powerful workflows. Integrated reporting ensures timelymanagement information and follow-up.
BWise® Information Security
BWise Information Security builds a bridge between the business and the IT department. It enables organizations to build a risk profile of the IT landscape in relation to the business. By managing the IT requirements of regulations, and embedding them into IT policies, BWise communicates IT policies throughout the organization. Continuous compliance can then be ensured. Threats and vulnerabilities are taken from scanning solutions for timely follow-up.